“Carillion owed almost £7bn when it went bust at the start of the year, a far higher amount than had been previously thought.
The Official Receiver, a civil servant appointed by the courts to handle bankruptcies, estimated the construction giant had liabilities of £6.9bn when it entered liquidation three months ago. …
… While accounts had previously revealed liabilities of £2bn at the end of 2016, a letter from the Official Receiver, detailing reports for the 27 UK-based Carillion Construction companies in liquidation, estimated that total liabilities stand at £6,905,532,000.
A spokesman for the Official Receiver confirmed the figure, first reported by Construction News, but said that it was “expected to change significantly as assets and debts are fully identified”. …”
https://www.telegraph.co.uk/business/2018/04/14/7bn-carillion-debts-revealed/
East Devon Watch 